Trezor Imparts Advice on Securely Storing Bitcoin

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: Dissonance on August 07, 2016, 10:46:50 AM

Quote from: BitcoinNewsMagazine on August 07, 2016, 09:27:42 AM

$99 cost of Trezor is cheap for security you get. If you are really on a budget the new Ledger Nano S is only $64 on Amazon.

As I have said before. If you don't have 100 dollars to invest in a hardware wallet then you aren't storing enough coins to justify that level of security anyway.

So a lurker not a holder get with the program.

Dissonance

full member

Activity: 167

Merit: 100

Quote from: BitcoinNewsMagazine on August 07, 2016, 09:27:42 AM

$99 cost of Trezor is cheap for security you get. If you are really on a budget the new Ledger Nano S is only $64 on Amazon.

As I have said before. If you don't have 100 dollars to invest in a hardware wallet then you aren't storing enough coins to justify that level of security anyway.

topiOleg

full member

Activity: 174

Merit: 100

Quote from: cpfreeplz on August 07, 2016, 10:36:02 AM

$0.001 for a piece of paper is much cheaper and I can make infinite paper wallets that will never fail. Want better security? Hide them really well, encrypt them, keep them somewhere only you ever can/will go. Paper wallets are just so easy and cheap compared to $99.

Paper wallets are great, but only until you need to spend them. Then you need to do the complicated offline transaction signing with dedicated laptop to get the same security as Trezor offers.

But I preffer KeepKey, basically the same as Trezor, but much cooler design in my opinion.

yenxz

sr. member

Activity: 294

Merit: 250

I think this is a good thing as where we know that security is a top priority for the BTC users now and I believe this is the method BTC is safest to keep your long-term with the piece of mind that they are in proper safety.
Maybe this would be a good promotion for them to add their customers basic bit bigger now .

cpfreeplz

legendary

Activity: 966

Merit: 1042

Quote from: BitcoinNewsMagazine on August 07, 2016, 09:27:42 AM

$99 cost of Trezor is cheap for security you get. If you are really on a budget the new Ledger Nano S is only $64 on Amazon.

$0.001 for a piece of paper is much cheaper and I can make infinite paper wallets that will never fail. Want better security? Hide them really well, encrypt them, keep them somewhere only you ever can/will go. Paper wallets are just so easy and cheap compared to $99.

coinoclock

member

Activity: 84

Merit: 10

Quote from: Red-Apple on August 07, 2016, 09:17:02 AM

it is a good option for securing your coins but if you have money to spare because it is expensive. and i prefer cheaper ways in more of a DIY methods (do it yourself).

what is your DIY alternative?

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Red-Apple on August 07, 2016, 09:17:02 AM

is this Trezor day?
everywhere i look i see an advertising post about Trezor these days.

it is a good option for securing your coins but if you have money to spare because it is expensive. and i prefer cheaper ways in more of a DIY methods (do it yourself).

It is these DIY methods that worry me the most, because it is not necessarily the best option to secure the coins. Trezor has a very impressive track record and I have not heard of one hacked Trezor,

since they have been around. There are good security solutions like this out there, but it is expensive for some people with a low budget. I would have liked to see some device with a $20 to $30 price

tag, with the same security as the Trezor. Roll Eyes

macedoniantable

hero member

Activity: 490

Merit: 500

I think this will be a good promotion for them to add to their rather larger customer base now. Grin

Security is top priority for bitcoin users now and I believe this is the most secure method to store your bitcoins for long term with a piece of mind that they are in a safe place.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

$99 cost of Trezor is cheap for security you get. If you are really on a budget the new Ledger Nano S is only $64 on Amazon.

GreenBits

legendary

Activity: 1148

Merit: 1048

Yeah, Trezor seems to be running with this hack thing, I have seen the word Trezor too many times today

Guess they are advertising whike the fire is Hot.

Decent article, but mostly promotes Trezor (or at least a hardware wallet solution). TLDR: cold storage is win, hot storage is a necessary evil for the sake of usability, and buy a Trezor™.

Red-Apple

hero member

Activity: 1470

Merit: 655

is this Trezor day?
everywhere i look i see an advertising post about Trezor these days.

it is a good option for securing your coins but if you have money to spare because it is expensive. and i prefer cheaper ways in more of a DIY methods (do it yourself).

BTCManagerOfficial

full member

Activity: 210

Merit: 100

In light of the vulnerability of the Bitfinex hack, Bitcoin users have begun to question the security of hot wallets used by exchanges and multi-sig technology. Trezor weighed in recently, imparting advice on secure methods of storage.

https://btcmanager.com/news/trezors-risk-mitigation-method-for-bitcoin-users/

Topic: Trezor Imparts Advice on Securely Storing Bitcoin (Read 598 times)